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10/22
13:51
South Korea's government won a tax refund lawsuit against hedge fund Lone Star Funds, involving $127 million.
The South Korean government and Seoul have won a tax refund lawsuit against U.S. private equity firm Lone Star Funds, involving 168.2 billion Korean Won (approximately $127 million). The Seoul High Court dismissed Lone Star's claims in a retrial mandated by the Supreme Court. The case involved nine affiliated entities, including Lone Star Funds, seeking a refund of taxes paid on their investments in South Korea. This ruling overturns previous lower court decisions that had ordered the central government to issue refunds.
13:51
South Korean beauty stocks fell as a stronger won squeezed profits.
According to The Korea Herald, despite South Korea's cosmetics exports reaching a record $11.1 billion in the first nine months of this year, a 31.1% increase year-on-year, market concerns that a stronger Korean won will erode profits have led to underperformance in the stock prices of major K-beauty companies.
13:48
Lookonchain: A whale bought ~$7.22M worth of tokens in the past 24 hours, including LIT ($1.4M), ENA ($1.34M), and ONDO ($1.34M).
13:47
Poll: Israeli Arab Parties May Hold Key Power Balance in Next Week's Election, But Major Jewish Parties Rule Out Cooperation
Israel is set to hold general elections next week. The latest opinion polls suggest that Arab parties could hold a crucial balance of power in parliament. Arab Israelis, who make up about one-fifth of the country's population, are eager to unseat the incumbent right-wing ruling coalition. However, major Jewish parties have ruled out forming a coalition government with Arab parties. Polls predict that neither incumbent Prime Minister Netanyahu's bloc nor the "Change Bloc" led by center-right former military chief Eisenkot will likely secure a parliamentary majority on their own, while Arab parties are projected to win between 13 and 14 seats combined.
13:47
PHP Critical Vulnerability Triggers Global Cybersecurity Alert, Amazon Attacked Before Public Disclosure
A critical cybersecurity vulnerability discovered in the PHP programming language is triggering an urgent global response. Governments and companies worldwide are scrambling to secure their websites or, as advised, take systems offline. Amazon stated its systems were attacked multiple times on October 17 and 21 using the flaw, prior to the public warning. OpenAI called it "one of the most impactful security issues in recent memory," and cybersecurity firm Wiz estimates approximately 70% of the internet is affected.
13:45
Hanwha Asset Management raises bet on US space transportation startup Impulse Space, joining $308 million funding extension
Hanwha Asset Management raises bet on US space transportation startup Impulse Space, joining $308 million funding extension.
13:45
Korean experts say legal groundwork needed for digital money, stablecoins and tokenized securities
13:31
Nigeria plans to introduce African depositary-receipt framework to become regional hub
Nigeria plans to introduce an African depositary-receipt framework to encourage more cross-border listings and attract companies and investors from elsewhere on the continent to its capital markets.
13:22
The Shanghai Composite Index fell 1.52% from its previous close to 3,656.71.
13:22
Spain's Seaya Ventures, backed by Banco Santander, opens London office after raising €600 million ($637 million) for new European startup fund Seaya Novo
13:20
According to Al Jazeera: Israeli forces and settlers prevented Palestinians from harvesting olives in the West Bank.
Israeli forces and settlers prevented Palestinian farmers from harvesting olives in the occupied West Bank areas of Turmus Ayya and Deir Jarir on October 21, declaring one of the areas a closed military zone, Al Jazeera reported.
13:14
Oil prices jump on escalating Middle East tensions; reports indicate the US and Israel are considering resuming strikes on Iran after the midterm elections.
Brent crude futures rose 1.71% to $110.67 a barrel on Thursday, while U.S. WTI crude gained 1.42% to $98.53. The New York Times, citing anonymous U.S. officials, reported that the U.S. and Israeli militaries have developed specific plans to resume strikes against Iran after the midterm elections and are advancing the planning for "short but intensive" operations. The U.S. State Department has ordered non-emergency government employees and their families to evacuate Saudi Arabia, citing increased attacks on civilian targets by Iran-backed Houthi rebels.
13:09
NVIDIA accelerated computing and open models are widely adopted by European financial giants, with Revolut, Lloyds Banking Group, and others achieving breakthroughs in efficiency and cost.
At the GTC Berlin conference, several leading European financial services institutions, including Revolut, Lloyds Banking Group, Santander, London Stock Exchange Group (LSEG), HSBC, and Stripe, are building proprietary intelligence using NVIDIA accelerated computing and open models. Revolut is rebuilding its tech stack with a single foundational model, PRAGMA, based on NVIDIA accelerated computing, already serving 80 million customers with plans to expand threefold. Lloyds Banking Group has built the trading foundational model ATUM, with NVIDIA RTX PRO 6000 Blackwell GPUs significantly enhancing its efficiency. Neobank bunq's AI assistant, Finn, reduced costs by 60% after adopting open models. LSEG is collaborating with NVIDIA, using the Polars GPU engine to accelerate historical data analysis tenfold. HSBC has boosted its data processing speed by five times, and Stripe's fraud detection platform, Stripe Radar, has seen its data pipeline speed increase by 42 times, saving 92% in costs.
13:09
NVIDIA Launches New Tools for Training, Evaluating, and Deploying World Models on Its Cosmos Platform
NVIDIA has expanded its Cosmos platform with new training tools, simulation checkpoints, and Cosmos Data Factory blueprints, aiming to help developers quickly build world models required for physical AI systems. Cosmos Data Factory offers five cloud-native blueprints to accelerate the annotation, curation, and synthetic data generation of multimodal, multisensory data. For example, Porsche is using it to reduce physical test drives by up to 90%. Additionally, NVIDIA has extended the Cosmos framework's training, optimization, and deployment tools, and introduced new Cosmos 3 Nano model variants and Cosmos 3 NIM microservices to enhance model adaptability, testing efficiency, and inference speed.
13:09
NVIDIA's DSX platform is being used by companies worldwide to address power bottlenecks, involving over $300 billion in equipment backlogs and 200 gigawatts of projects awaiting.
NVIDIA's DSX AI Factory platform is being used by companies worldwide to plan, simulate, and operate power grids and AI factories, addressing the growing power bottlenecks in infrastructure. Currently, there is over $300 billion in equipment backlog globally, and more than 200 gigawatts of projects are awaiting interconnection in the United States. Energy giants such as GE Vernova, Hitachi Energy, Schneider Electric, and Siemens Energy are collaborating with NVIDIA to deploy or integrate DSX-related technologies to optimize power distribution, enhance computational efficiency, and improve grid reliability.
13:08
NVIDIA Drives European Retail Transformation: Shopify Cuts AI Inference Costs by 90%, L'Oréal Accelerates Ingredient Discovery
NVIDIA is transforming European retail operations through open models and physical intelligence. Shopify, for example, has post-trained NVIDIA Nemotron 3.5 Lightning, achieving frontier-level accuracy for its AI assistant Sidekick while cutting serving costs by 90% and delivering responses 7x faster. Additionally, NVIDIA CCluster vLLM inference optimization software helped Shopify achieve 4.5x faster performance and up to 12x lower inference cost across five other use cases.

Other key deployments include Zooplus rebuilding its product discovery stack with NVIDIA Nemotron Retriever, Photoroom standardizing 40,000 images daily for Vestiaire Collective, and Omi launching ProductDrop for scalable creative output. L'Oréal is using Omi's digital twins and NVIDIA ALCHEMI to accelerate ingredient discovery, reducing experimentation from months to hours. Otto Group is advancing autonomous warehouse operations using NVIDIA Omniverse, and ALLSIDES launched a 3D Digital Twin Factory for brands like Adidas and Nike. CATCHES' RealFit deployment with AMIRI boosted conversion by 55% and gross sales by 56%, also launching PredictiveFit and a personal fashion agent CASI powered by NVIDIA Nemotron 3.
13:08
NVIDIA Earth-2 Open Models Deployed Across Europe for Weather and Climate Prediction
NVIDIA has announced the widespread deployment of its Earth-2 open models across Europe, empowering developers and researchers to enhance real-world weather and climate prediction. These AI models and tools can be customized with proprietary data to support global and detailed regional forecasts, as well as environmental research.

Key applications include AXA utilizing Earth-2’s FourCastNet 3 to study regional cyclone risk by simulating over 1,000 seasons. Vaisala Xweather is integrating Earth-2 with its own observations and lightning data to improve weather intelligence platforms for various sectors. The University of Manchester has adapted the CorrDiff model for U.K. air-quality modeling, while TotalEnergies is exploring Earth-2 for solar-energy forecasting at photovoltaic sites. Space42 has also developed SARDiff4Height using CorrDiff and NVIDIA PhysicsNeMo to estimate surface heights from radar images.
12:55
SK Hynix is down 6.57% from its previous close, now trading at ₩1,209,000.
12:54
Coinbase Reports Degraded Performance for Derivatives Portfolio Transfers
12:49
Zheng Weishan, a renowned Chinese fund manager, has resigned from all his fund manager positions at Galaxy Fund due to personal reasons.
Another well-known fund manager in China's public offering fund industry, managing over 10 billion yuan, has entered a new stage in their career. Galaxy Fund announced on October 22 that Zheng Weishan resigned from his positions as fund manager for Galaxy Innovation Growth, Galaxy Harmony Life, and Galaxy Smart Link Theme due to "personal reasons." Zheng Weishan specializes in technology and growth sector investments. Prior to his departure, the total scale of products under his management reached 21.035 billion yuan. His flagship product, "Galaxy Innovation Growth," achieved a return rate of 284.87% during his tenure. Galaxy Fund stated that the investment and research handover has been completed, and the new fund managers have all been promoted from within the company's internal team, with no changes to the products' investment objectives and strategies.
12:48
Iran's IRGC claims hitting 4 ships, 3 others struck mines near Strait of Hormuz
Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy announced its forces struck four vessels involved in ship-to-ship oil transfers in the Gulf, causing them to catch fire. Additionally, the IRGC stated that three other vessels collided with mines west of the Strait of Hormuz. The IRGC warned that any further escalation by the US military could result in direct action against its regional bases.
12:43
CoinDesk Analysis: Bitcoin ETFs Attract $1.08 Billion in 3 Days, But Inflow Pace May Not Be Enough to Sustain Significant Gains
According to CoinDesk analysis, US spot Bitcoin ETFs have attracted $1.08 billion in the past three days, indicating a resurgence of institutional interest in cryptocurrencies. However, this inflow rate may not be sufficient to support a significant increase in Bitcoin's price. Historical data shows that during previous periods of substantial Bitcoin price appreciation, the average daily net inflow into ETFs was approximately $235 million, while the current average daily inflow (around $86 million) is significantly lower. Analysts note that for a sustained rally, the pace of capital inflows needs to remain robust.
12:38
XRP Ledger bug fix activation delayed to November after validator support briefly dipped below 80%
The activation of a critical bug fix for the XRP Ledger has been postponed to November 4, 2026, after validator support briefly fell below the required 80% threshold (29 of 35 validators). The fix, originally slated for October 23, lost its two-week countdown when support dipped to 26 of 35 validators for two hours on Wednesday. Support has since recovered to 31 of 35. The patch addresses a loophole in token creation/burning and refines the lending code for Ripple's bank-focused system.
12:32
According to SoSoValue data, US spot Bitcoin ETFs saw a net inflow of $528 million on October 21, with BlackRock's IBIT recording an inflow of $235 million. Spot Ethereum ETFs experienced a net inflow of $14.96 million, while Grayscale Ethereum Mini Trust (ETH) alone saw an inflow of $28.07 million on the same day.
12:31
The U.S. has withdrawn diplomatic personnel from Saudi Arabia and reportedly plans a new round of attacks on Iran after the midterm elections.
The U.S. State Department has ordered non-emergency government employees and their families to evacuate Saudi Arabia following Houthi attacks on Saudi airports and oil fields, escalating concerns about a widening regional conflict. According to The New York Times, citing anonymous U.S. officials, the U.S. and Israeli militaries have developed specific plans for a new wave of attacks on Iran after the midterm elections, including "short but intensive" operations targeting Iran's energy infrastructure, nuclear facilities, and missile and drone arsenals. Despite ongoing disruptions to shipping in the Strait of Hormuz, the flow of Middle Eastern oil through the strait has recovered to near pre-war levels.
12:31
Trump denies negotiating with Iran, says situation will be resolved "soon" one way or another
U.S. President Donald Trump stated that Washington has been "doing very well" militarily and financially against Tehran, describing the current conflict as "a little skirmish with Iran." When asked if he had given up on negotiations with Iran, Trump responded, "No, we're not negotiating," adding, "We'll work it out somehow, it's going to happen very quickly." He noted that most people seem to think this will occur after the midterm elections, but he emphasized, "Everything we've done with Iran is amazing."
12:30
Posco Future M adopts Palantir AI platforms to boost productivity
South Korean battery materials maker Posco Future M has partnered with US software firm Palantir Technologies to accelerate its AI-driven transformation. The company signed an agreement on Wednesday to adopt Palantir's Foundry data analytics platform and Artificial Intelligence Platform (AIP), targeting major gains in manufacturing productivity, product development and customer service.
12:28
Bank of Korea maintains benchmark interest rate at 3.00%; Governor emphasizes tightening is not over and raises economic growth forecast.
The Bank of Korea's Monetary Policy Board unanimously voted on Thursday (October 22) to keep the benchmark interest rate unchanged at 3.00%, following two consecutive 25-basis-point hikes. The Bank of Korea simultaneously raised its economic growth forecasts for this year and next, stating that growth would be "significantly higher" than its August projections. Governor Shin Hyun Song reiterated the necessity of maintaining a restrictive monetary policy stance at a press conference, warning that core inflation is expected to slightly exceed the August forecast next year, emphasizing that this pause does not signify the end of the tightening cycle. Consequently, South Korea's three-year government bond yield rose by 2 basis points to 3.84%, the Korean Won appreciated by 0.3% against the US Dollar to approximately 1323, and the KOSPI index fell by over 2%. The market widely expects the Bank of Korea to raise rates again at its November meeting.
12:26
Starbucks China is implementing a new "no purchase, no seating" policy across its stores nationwide.
Starbucks China announced that starting Thursday, its 8,000 stores nationwide will fully implement a "no purchase, no seating" policy, requiring customers to buy an item to be seated in the store. The company stated that this move aims to enhance the customer's "in-store experience" and address fierce competition from local rivals such as Luckin Coffee. Previously, reports of the policy and videos of "purchase for seating" signs posted in stores had circulated on Chinese social media. Starbucks stated last year that it would sell a 60% stake in its China business to investment firm Boyu Capital for $4 billion.
12:25
NVIDIA Deepens Collaboration with South Korean Component Manufacturers in AI Chips and Robotics
NVIDIA is expanding its collaboration with South Korean component manufacturers, according to The Korea Herald. Samsung Electro-Mechanics announced on Wednesday that it has signed a multi-year agreement with NVIDIA to supply advanced semiconductor substrates for its AI processors and networking chips. LG Innotek stated on Thursday that it is working with NVIDIA to develop sensing systems for humanoid robots.

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